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Age 64

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At age 64 generally calls for permanent life insurance, either Whole Life or Universal Life for estate planning.  Term life being less expensive may be appropriate for debt protection or to replace income.   Cheap term, which one can outlive, is no substitute for lasting value permanent coverage.

 

Permanent

Guaranteed Universal Life is much less expensive than Whole Life and locks in coverage at a fixed rate to a designated age. See sample Guaranteed UL rates below. Click here for an overview of options and recommendations for people in their 60’s.  Go here for Whole Life final expense quotes ages 60 to 69.

 

Female – 64 years old

 

Face
Amount
Monthly at
Preferred
Best
.
Monthly at
Standard
Guarantee
Period
Top Carrier
$25,000$44.00$58.00 Age 120(approximate)
$50,000$82.00$102.99 Age 120(approximate) at preferred best; Symetra at standard
$100,000$137.00$182.00 Age 120(approximate)
$250,000$333.00$435.05 Age 120(approximate) at preferred best; Symetra at standard
$500,000$658.35$850.10 Age 120Symetra
$1,000,000$1,288.00$1,680.30 Age 120(approximate) at preferred best; Symetra at standard
$2,000,000$2,571.00$3,360.60 Age 120(approximate) at preferred best; Symetra at standard
$5,000,000$5,953.00$8,088.00 Age 120Symetra

 

 

Male – 64 years old

 

Face
Amount
Monthly at
Preferred
Best
.
Monthly at
Standard
Guarantee
Period
Top Carrier
$25,000$51.00$70.00 Age 120(approximate)
$50,000$98.00$122.54 Age 120(approximate) at preferred best; Symetra at standard
$100,000$162.00$216.00 Age 120(approximate)
$250,000$397.00$533.00 Age 120(approximate)
$500,000$788.00$1,045.65 Age 120(approximate) at preferred best; Symetra at standard
$1,000,000$1,535.00$2,071.30 Age 120(approximate) at preferred best; Symetra at standard
$2,000,000$3,065.00$4,142.60 Age 120(approximate) at preferred best; Symetra at standard
$5,000,000$7,290.50$9.984.00 Age 120Symetra

 

 

Term  and age 90 fixed premium Guaranteed UL

 

Female – Preferred Best – 64 years old

Face
Amount
10 year
Term
15 year
Term
20 year
Term
Age 90
Guaranteed UL
$100,000$31.22$41.96$58.99$122.00
$250,000$61.43$83.13$125.40$292.45
$500,000$112.53$153.79$234.63$506.00
$1,000,000$217.80$287.54$435.16$961.00

 

Female –  Standard Non-Tobacco – Age 64

Amount10 year
Term
15 year
Term
20 year
Term
Age 90
Guaranteed UL
$100,000$53.65$71.97$98.96$145,00
$250,000$126.36$159.07$228.92$335.00
$500,000$208.08$311.31$448.42$626.00
$1,000,000$372.71$559.41$851.51$1,261.00

 

Male – Preferred Best – Age 64

Amount10 year
Term
15 year
Term
20 year
Term
Age 90
Guaranteed UL
$100,000$47.18$63.21$89.44$144.05
$250,000$94.97$128.58$189.44$345.00
$500,000$179.58$248.60$355.43$641.00
$1,000,000$336.75$444.96$664.97$1,261.00

 

Male – Standard Non-Tobacco – Age 64

Amount10 year
Term
15 year
Term
20 year
Term
Age 90
Guaranteed UL
$100,000$79.06$107.35$148.95$186..59
$250,000$171.83$243.41$344.00$447.35
$500,000$325.75$473.93$681.97$890.00
$1,000,000$631.35$853.24$1,299.58$1,704

 

Closer to being 65 years old?  If over 64 and a half, see age 65 quotes, since most carriers set rates by nearest age. Backdating policy up to six months to save previous age is generally permitted.

 

Annual mode is less expensive than monthly.

 

Survivor life insurance (second-to-die)  age 64 quotes

 

Please contact me  for a free confidential quote.  Many more options available.

 

sean's profile pic
Licensed Agent:  Sean Drummey
phone: (910) 328-0447
email: spdrummey@gmail.com

 

Lower premiums available on Guaranteed UL plans with the no lapse guarantee to age 90, age 95, age 100, age 105, age 110 or whatever age designated. Catch up premium options available with some plans.  Contact me for details.

 

Carriers and Products quoted:
Symetra Life Insurance Company: “Symetra Classic UL 120”

 

last revised: 6/22/2016  – quotes listed as approximate are to the nearest dollar; non tobacco rate; rates subject to change, quote accuracy or completeness not guaranteed